Fox Valley Market Update August 17 2019
Fox Valley market update August 17 2019. New listings of single family homes was down this week. 315 new listings this week compared to 360 the week before. So many schools started back up this week for will next week. I am sure that has had an impact on housing slowing down. Once they get settled back into their routines it will probably get back to normal.
2019 new listings of single family homes by the month:
- January-878
- February-1,032
- March-1,731
- April-1,594
- May-2004
- June-1,643
- July-1,423
- August so far-1,003
Total-11,308
Take a look at the communities with the most activity this week:
Aurora-New 41 $120,000-$795,000
Closed-38 $80,000-$427,500
Batavia-New 12 $214,900-$579,900
Closed-5 $199,550-$440,000
Bolingbrook-New 23 $142,500-$495,000
Closed-20 $160,000-$410,000
Geneva-New 9 $289,900-$674,900
Closed-12 $275,000-$830,000
Montgomery- New 6 $194,900-$299,000
Closed-11 $182,000-$285,000
Naperville-New 57 $275,000-$1,590,000
Closed-39 $307,500-$970,000
Oswego-New 15 $189,900-$359,900
Closed-12 $210,000-$346,000
Plainfield-New 40 $159,888-$1,190,000
Closed-27 $95,000-$762,000
St Charles/Campton Hills-New 24 $100,000-$1,295,000
Closed-19 $181,500-$515,500
Yorkville-New 16 $162,500-$415,000
Closed-12 $130,000-$450,000
Closed listings of single family homes were slightly up this week. 255 this week compared to 221 the week before. We are heading closer to the end of the month so this is to be expected.
Look at the closings of single family homes by the month for 2019:
- January-407
- February-465
- March-915
- April-790
- May-1,391
- June-1,253
- July-1,029
- August so far-890
Total-7,140
If August continues the same for the next 2 weeks it could end up the best month for closings for far. May has been the highest month so far for New listings closings and contracts accepted.
Contracts accepted this week
Contracts accepted this week of single family homes were down. 212 this week compared to 249 the week before. Again I think this is due to school starting or getting ready to start for some.
2019 look at contracts accepted by the month of single family homes:
- January-608
- February-832
- March-1,375
- April-1,307
- May-1,665
- June-1,218
- July-1,090
- August so far-772
Total-8,867
I think it is important to look at the months that people are making decisions to purchase. It changes a little bit each year. A lot of it has to do with inventory. Some people end up looking for months. It depends on what price range you are in. Under $200,00 it is hard to find. You have more choices above that price range.
Look at the communities that sellers accepted the most contracts on single family homes this week:
Aurora-37 Bolingbrook-15 Geneva-10
Naperville-42 Oswego-10 Plainfield-25
St Charles/Campton Hills-16
Short sales this week on single family homes were down this week. 2 this week compared to 7 the week before. that is good news. there were 1 each in Aurora and Montgomery. Now they will be submitted to the lender to see if they will also accept.
Contracts were accepted this week by seller’s that are contingent on the buyer closing on their current home before purchasing. 6 with a kick-out clause of 72 hours, 11 with 48 hours and 1 with 24 hours.
Seller’s also accepted contracts on single family homes that are contingent on the buyer selling and closing on their current home. 1 each with a kick-out clause of 72 hours and 48 hours.
Contact us
Call us with all of your real estate questions 630-503-6555. If we do not have the answer we will point you to where or who would have the answer.
We will do the best we can to find you a home that fits your needs and wants. Give us a good idea of the home that fits all of your wishes and the one that is the bare minimum.
If you are thinking about selling your home we will let you know what you need to do to get your home market ready and provide you with a net proceeds. This is an estimate of expenses so you will know where you are at. When an offer comes in we will update this so you can make a good decision.
Check out some resources:
- Types of loans and the process
- VA loans and the requirements
- Current interest rates
- Down payment assistance
- Illinois home assistance and some communities
- School ratings
Fox Valley market update August 17 2019. Have a great week!
Kristine Heiman, Managing Broker
Best Homes Fox Valley-Search for a home today!
200 Webster St
Montgomery, IL 60538
630-503-6555